for development

Situated on one acre in the core of Downtown Delray in the Pineapple Grove Arts district.

Imagine a luxury boutique hotel in the central downtown core of delray beach within walking distance (or shuttle) from a two mile stretch of golden beaches and considered the '' most happy seaside town'' by Coastal life magazine, the hottest spot north of south beach and further recognized as the '' most fun small town in America'' by USA today.﻿

The 306 Building consists of a two story 6,600 SQ FT free-standing building on approximately 14,000 SQ FT of land. There is an additional 23,000 SQ FT of land just to the north of the building containing 48 parking spaces.

The building is currently rented on short term leases to individual businesses, grossing $240k per year.

There are plans to re-develop the property and build a four story extended stay hotel with approximately 51 rooms, a restaurant and amenities.

The proposed new building can also be configured as a mixed use building containing 22 Residential condominium units on the 2nd, 3rd and 4th levels, with a fourth level pool and lounge deck . 2 Commercial/Retail/Office condominium units would occupy the ground level.﻿﻿

All parking for both proposed re-developments would be provided by the lot immediatley to the north.﻿

Property is available fee simple purchase for $4,475,000.00 or can be acquired through a land lease - please contact us immediately to discuss land lease details.﻿